Waverly Area Wrestling Club
Waverly Area Wrestling Club demonstrates strong financial stability with volunteer leadership and zero liabilities.
EIN: 204462755 · Waverly, IA · Updated: 2026-03-28
Is Waverly Area Wrestling Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waverly Area Wrestling Club directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waverly Area Wrestling Club
Waverly Area Wrestling Club (EIN: 204462755) is a nonprofit organization based in Waverly, IA. The organization reported total revenue of $233K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waverly Area Wrestling Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waverly Area Wrestling Club with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Waverly Area Wrestling Club allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that all officers serve on a volunteer basis. This is highly commendable for an organization of its size, ensuring that all funds are directed towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Waverly Area Wrestling Club:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Zero liabilities reported across all filings, demonstrating strong financial stability.
- High program spending efficiency, with expenses closely matching revenue.
- Healthy growth in assets, from $34,437 in 2021 to $82,579 in 2022.
- Consistent IRS 990 filings, indicating strong transparency.
Frequently Asked Questions about Waverly Area Wrestling Club
Is Waverly Area Wrestling Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Waverly Area Wrestling Club (EIN: 204462755) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Waverly Area Wrestling Club spend its money?
Waverly Area Wrestling Club directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waverly Area Wrestling Club tax-deductible?
Waverly Area Wrestling Club is registered as a tax-exempt nonprofit (EIN: 204462755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waverly Area Wrestling Club a good charity?
Yes, based on its financial data, the Waverly Area Wrestling Club appears to be a very good charity. It consistently reports 0% officer compensation, zero liabilities, and efficiently uses its revenue for its programs, as seen in its 2022 expenses of $162,637 against revenues of $162,628.
How does the club manage to operate without officer compensation?
The club's consistent reporting of 0% officer compensation indicates that its leadership and officers are entirely volunteer-based, which is a significant strength in maximizing funds for program delivery.
What is the trend in the club's assets?
The club's assets have shown a positive trend, increasing from $34,437 in 2021 to $82,579 in 2022, indicating healthy financial growth and resource accumulation.
Does the club have any debt?
No, the Waverly Area Wrestling Club consistently reports $0 in liabilities across all its available IRS 990 filings, indicating a debt-free operation.
How efficient is the club's spending?
The club demonstrates high spending efficiency, with expenses closely matching revenues (e.g., $162,637 expenses vs. $162,628 revenue in 2022) and no reported officer compensation, ensuring funds are primarily directed to programs.
Filing History
IRS 990 filing history for Waverly Area Wrestling Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2022), Waverly Area Wrestling Club's revenue has grown by 262.3%, moving from $45K to $163K. Total assets increased by 87.1% over the same period, from $44K to $83K. Total functional expenses rose by 227.9%, from $50K to $163K. In its most recent filing year (2022), Waverly Area Wrestling Club reported a deficit of $9, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $163K | $163K | $83K | $0 | — | View 990 |
| 2021 | $70K | $98K | $34K | $0 | — | — |
| 2020 | $158K | $143K | $62K | $0 | — | View 990 |
| 2019 | $146K | $146K | $48K | $0 | — | View 990 |
| 2018 | $81K | $93K | $48K | $0 | — | View 990 |
| 2017 | $77K | $95K | $59K | $0 | — | View 990 |
| 2016 | $62K | $73K | $77K | $0 | — | View 990 |
| 2016 | $62K | $73K | $77K | $0 | — | — |
| 2015 | $77K | $55K | $87K | $0 | — | View 990 |
| 2014 | $65K | $72K | $66K | $0 | — | View 990 |
| 2013 | $69K | $64K | $73K | $0 | — | View 990 |
| 2012 | $69K | $51K | $68K | $0 | — | View 990 |
| 2011 | $46K | $44K | $47K | $0 | — | View 990 |
| 2010 | $45K | $50K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $163K, expenses of $163K, and assets of $83K (revenue +130.8% year-over-year).
- 2021: Revenue of $70K, expenses of $98K, and assets of $34K (revenue -55.3% year-over-year).
- 2020: Revenue of $158K, expenses of $143K, and assets of $62K (revenue +7.9% year-over-year).
- 2019: Revenue of $146K, expenses of $146K, and assets of $48K (revenue +81.0% year-over-year).
- 2018: Revenue of $81K, expenses of $93K, and assets of $48K (revenue +4.6% year-over-year).
- 2017: Revenue of $77K, expenses of $95K, and assets of $59K (revenue +23.8% year-over-year).
- 2016: Revenue of $62K, expenses of $73K, and assets of $77K (revenue +0.0% year-over-year).
- 2016: Revenue of $62K, expenses of $73K, and assets of $77K (revenue -19.2% year-over-year).
- 2015: Revenue of $77K, expenses of $55K, and assets of $87K (revenue +19.3% year-over-year).
- 2014: Revenue of $65K, expenses of $72K, and assets of $66K (revenue -5.9% year-over-year).
- 2013: Revenue of $69K, expenses of $64K, and assets of $73K (revenue -0.9% year-over-year).
- 2012: Revenue of $69K, expenses of $51K, and assets of $68K (revenue +49.9% year-over-year).
- 2011: Revenue of $46K, expenses of $44K, and assets of $47K (revenue +3.0% year-over-year).
- 2010: Revenue of $45K, expenses of $50K, and assets of $44K.
Data Sources and Methodology
This transparency report for Waverly Area Wrestling Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.